Renewable Energy: Finance

Treasury written question – answered on 21 May 2019.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

What recent assessment he has made of trends in the level of public funding for renewable energy since 2010.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

The Government is committed to investing in renewable energy and our support has enabled the UK to become a world leader in clean growth with the fastest emissions reduction on a per person basis than any other G7 nation.

We will spend £4.5 billion between 2016 and 2021 to support the development of renewable and low carbon heating through the Renewable Heat Incentive.

The Government is also encouraging private sector innovation and £92 billion of private funding has been invested in clean energy in the UK since 2010.

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